Beginning WIP Inventory Is 16,500 Units, 75% Complete for Materials

question 132

Multiple Choice

Beginning WIP Inventory is 16,500 units, 75% complete for materials. During the month 94,000 units were started; 81,000 were finished; and ending WIP was 29,500 units that were 50% complete for materials. How many equivalent units should be used to allocate costs for materials (assume as usual, that the weighted average method is used, not FIFO) ?

• A)93,375
• B)95,750
• C)108,750
• D)103,125

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Definitions:

Limited Life

Refers to the finite existence of a tangible or intangible asset or entity, emphasizing its bounded operational or functional period.

Limited Liability

A legal structure that limits the personal liability of the owners and shareholders of a company for the company's debts and actions.

Share Transferability

The ease with which shares of a company can be transferred or sold from one party to another.

Partnership

A legally recognized form of business where more than one individual partakes in managing and profit-sharing.